Platinum Group Metals Ltd

Stillwater surges ahead after completing expansion

Nye, Mont. — Stillwater Mining is hitting full stride at North America’s only primary platinum-palladium producer, the company’s namesake mine.And with the size of its hedge position diminishing, the…




Russian gold production up

Preliminary figures indicate Russian mining companies produced 8.8 million tonnes of gold in the first quarter of 1998, 1.1 tonnes more than in the corresponding period of 1997.The Russian economics m…


Inco unveils development program for Creighton mine

Management of Inco (N-T) faced harsh criticism from union leaders representing its Canadian workers at the company’s first annual general meeting since the unveiling of restructuring plans that involv…


Franco buys Stillwater royalty from Johns Manville

In the biggest acquisition in company history, Franco-Nevada Mining (FN-T) purchased Johns Manville’s last remaining royalty interest in the Stillwater platinum-palladium mine in Montana.The Toronto-b…



EXPLORATION 1998 — No joy yet at Golden Boy

The first hole drilled by ProAm Explorations (PMX-V) has failed to hit the motherlode at the Golden Boy project north of Winnipeg, Man.While the drilling did intersect extensive disseminated sulphides…



FACTS ‘N’ FIGURES — Russia and PGM prices

Russian exports of platinum group metals (PGMs) are large and exceed domestic output. This is because PGMs from state reserves are also exported to provide finance for the state budget.The value of ex…


AFRICA — Hartley mine ships PGM’s

The Hartley platinum mine in Zimbabwe is expected to reach full production by the end of 1998, reports operator Broken Hill Proprietary.The Australian-based company made its first shipment of platinum…


Commission urges probe of Noril’sk sale

A government commission in Russia has called for a halt to the privatization the Noril’sk Mining and Metallurgical Kombinat.The commission has recommended that the recent sale of the government’s rema…


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